Checklist to know if you’re in debt trouble
Four months ago I don't care what my financial status is, I don't care if I acquire debt, I don't mind using my credit card, I don't mind seeing my self 3-4 years from now. Until one day, while surfing the net I come across a site that talks about various topics about finance. How he visualize himself 1 year or 25 years from now.
I realize that in my age now and in my family status I should be taking charge of my finances. Nothing is permanent in this world and though I have a not so bad pay with my current job I failed to take control of my debt - consumer debt in particular.
I'm now in what other calls it - "in debt trouble". How about you? when was the last time you take charge to clear up your financial worries? Do you want to know if you are in debt trouble?
Debt Management Update
In my short term goals, you've noticed that Paying off my debts is on top of my priority list. My target is to free my self with the debt accumulated from credit card and lending company before the end of 2008. I know that I must be serious with my debt management program for me concentrate fully to my other personal finance matters like saving and investment.
Here is the amount of Debt that I'm now trying to get rid of:
| In USD | In KD | |
| MasterCard Credit | 4,428.90 | 1,197.00 |
| CFC | 5,550.00 | 1,500.00 |
| Total | 9,978.90 | 2,697.00 |
Free Personal Finance Software
When you start taking charge of finance, make sure you are ready to face heavy calculations - annual savings, tax, interest rate, ROI, etc. There are lots of financial issues that nees to be taken care of. Every single digits of the amount of money or personal investments you have must be monitored very very keenly. Monitoring and finance management sounds very simple isn't it? No, it is in fact very complicated with a bunch of manual calculations involved.
Thanks to the personal finance software developers who spent their valuable time that resulted to the invention of different money softwares and the good thing is they are even offered for FREE!
Here is the list of the free budgeting software and or free personal finance software. Check it out and pick the one that will suit your budgeting and computing needs courtesy of financialsoft.about.com.
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